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Dec 24, 2012
12/12
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WUSA
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the strategy worked because government critics in this community were always a vocal but small minority. it's made sway da an island of calm and a refuge. about 10,000 of the almost half a million people placed inside syria have been offered shelter by the local government. they're housed in a local summer camp about two miles from the center of town. we escaped here, says this grandfather, to keep our children safe. >> we want peace. >> reporter: this young man speaks for everyone when he says all we want is peace. they've got it for the moment. but with the battle now under way all around the town, this small enclave of stability looks very vulnerable. elizabeth palmer, cbs news, sway da. >>> back in this country he says he's deeply sorry after being arrested for being under the influence. he's a republican. he was arrested after running a red light in virginia. there was no znlts. he is a mormon and he is in his third term in the senate. >>> senator daniel inouye was buried yesterday in hawaii. inouye was a win ore of a medal of honor and was remembered as war hero. he was the first
the strategy worked because government critics in this community were always a vocal but small minority. it's made sway da an island of calm and a refuge. about 10,000 of the almost half a million people placed inside syria have been offered shelter by the local government. they're housed in a local summer camp about two miles from the center of town. we escaped here, says this grandfather, to keep our children safe. >> we want peace. >> reporter: this young man speaks for everyone...
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Dec 28, 2012
12/12
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FOXNEWSW
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they are still retaining the government jobs that they said would step aside. why isn't holder stepping down? >> juan: how is eric holder involved in benghazi? >> kimberly: he is not. >> andrea: they sent in the f.b.i. wink, wink. but holder would get back to us. >> eric: lisa jackson was using a male alias for official business. >> 12,000 e-mails. what are they doing? sending e-mails to each other all over the place. when do they get anything done in washington 12,000 e-mails. i don't think i sent 12,000 e-mails in my life. >> andrea: the biggest failure under her watch was the keystone pipeline. her administration blocked the keystone pipeline. actively her and her boss' orders. she could go. goodbye. >> eric: juan, quickly. she could step aside and not answer. just she should answer. if you're avoiding having your e-mails seen and understood as a public official you are wrong. she has been outstanding public servant. the environmentists are disappointed obama hasn't listened to her more, especially on fracking and pipeline. i know the right thinks he hasn't
they are still retaining the government jobs that they said would step aside. why isn't holder stepping down? >> juan: how is eric holder involved in benghazi? >> kimberly: he is not. >> andrea: they sent in the f.b.i. wink, wink. but holder would get back to us. >> eric: lisa jackson was using a male alias for official business. >> 12,000 e-mails. what are they doing? sending e-mails to each other all over the place. when do they get anything done in washington...
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Dec 25, 2012
12/12
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FBC
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>> the government needs to get out of the way. manufacturing is to america what spinach is to popeye. the strength of america is manufactured. neil: yodon't think we can have a great country based on service? >> again, you go back to our terminals and electricity has to come through there. where you get do you get that from? a hydroelectric dam words power that is coal-fired. and now now they have all of these restrictions on coal mining and also the hydroelectric and i have talked to the people and they said that they can't find workers that work on the turbines to repair the turbines. so the day to come. it could come when no one is around to manufacture it. every little part has to be shaped. someone has to take a chunk of metal and put it intothe machine and all that down to 120 southend-- 120,000th of an inch. neil: you been in every pixar movie. >> .true, but in the long haul, actors, sports, celebrities, the rest of us, we aren't. neil: how did you do it? how did you succeed and do the things you do? how do you you still be
>> the government needs to get out of the way. manufacturing is to america what spinach is to popeye. the strength of america is manufactured. neil: yodon't think we can have a great country based on service? >> again, you go back to our terminals and electricity has to come through there. where you get do you get that from? a hydroelectric dam words power that is coal-fired. and now now they have all of these restrictions on coal mining and also the hydroelectric and i have talked...
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Dec 30, 2012
12/12
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CNNW
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the syrian government for their part said they went in and that they captured and killed a lot of terrorists. terrorists is the term they use when they're referring to opposition fighters. this sounds like a horrific crime that happened yesterday. we're waiting for more details to emerge in the hours to come. alison? >> it seems the rebels are gaining ground or a crackdown by syrian forces? >> essentially a war of attrition. it has been for quite a while. yes, the rebels have been gaining ground. that's according to most analysts and the members we speak with on the ground. they have been able to capture more in the north of the territory and even in and around the capital and the fact of the matter is the regime is cracking down. they continue to crack down and the regime still has the air power. very hard for the dynamic to shift dramatically why the regime has the warplanes. what we hear again and again when rebels capture a city or liberate a city and then the airplanes come in and warplanes start shelling and drive them out of those areas. >> we know the international envoy for syria he
the syrian government for their part said they went in and that they captured and killed a lot of terrorists. terrorists is the term they use when they're referring to opposition fighters. this sounds like a horrific crime that happened yesterday. we're waiting for more details to emerge in the hours to come. alison? >> it seems the rebels are gaining ground or a crackdown by syrian forces? >> essentially a war of attrition. it has been for quite a while. yes, the rebels have been...
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Dec 26, 2012
12/12
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FBC
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government government involved. the feds are no good at picking what technologies regular americans are going to glom on to. did the department of energy create amazon.com so people would save gas driving to the mall? no, they did not. did the post office invent skype so people could get in touch more inexpensively? no, they did not. breakthrough products invented by private companies. let's stick to cars since that's where we started. model t, 104 years ago the nation's first touring vehicle was first produced on an assembly line. henry ford said his car was for the great multitude and how 16.5 million model-ts were eventually sold. 16 1/2. how about the biggest selling americ made vehicle ever, ford f-series, trucks. amazing 35 million of those were sold since the trucks were introduced way back in 1948 and it is ranked as the number one sellin vehicle in the u.s. for 24 years. and now, you can trick them out just like a sedan with tv screens, high-tech sound systems, even back seats. but none of this, none of thi
government government involved. the feds are no good at picking what technologies regular americans are going to glom on to. did the department of energy create amazon.com so people would save gas driving to the mall? no, they did not. did the post office invent skype so people could get in touch more inexpensively? no, they did not. breakthrough products invented by private companies. let's stick to cars since that's where we started. model t, 104 years ago the nation's first touring vehicle...
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Dec 28, 2012
12/12
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CNBC
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government, possibly s&p one more notch. it's not going over the cliff but the government can't come up with a real decision. i do, by the way, think there will be some kind of agreement over the weekend as your previous reporter said. i think it will be a light weight deal. the biggest thing, brian, is we get to do this in another 60 to 90 days with the debt ceiling. we have a lot of problems and issues but we can't seem to agree on much. >> craig, should we go over the fiscal cliff? >> well, brian, it's not an ideal situation. certainly i think if you could have both sides of the aisle rise above, as you guys have said, and come to some kind of a balanced deal, it would be great. given the alternatives right now, it's not that bad of a deal because if you look long term, the government spending has been about 20% of gdp. today that's 25%. revenues have been 18% of gdp. today that's 15.4%. it's both a spending issue and a revenue issue. so at least the cliff resolves the revenue issue. certainly it does it more than we need
government, possibly s&p one more notch. it's not going over the cliff but the government can't come up with a real decision. i do, by the way, think there will be some kind of agreement over the weekend as your previous reporter said. i think it will be a light weight deal. the biggest thing, brian, is we get to do this in another 60 to 90 days with the debt ceiling. we have a lot of problems and issues but we can't seem to agree on much. >> craig, should we go over the fiscal cliff?...
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Dec 29, 2012
12/12
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CNNW
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, but if he's a member of the taliban, it's true, maybe there's going to be somebody in the federal government that thinks we need to ask some questions of this person. >> but if you're the person here talking to the uncle and you're completely innocent, you're still caught up in this. >> you're not caught up in the sense you're going to jail, not caught up in the sense that anything bad is going to happen to you. >> thank you to brian todd reporting there. >>> we want to update you now on the investigation into the killing of two firefighters who were ambushed as they battled a fire in upstate new york on christmas eve. police have arrested the gunman's neighbor. authorities say the 24-year-old woman bought a semiautomatic rifle and a shotgun for the suspect who later killed himself. she faces federal charges that she lied to authorities. spangler couldn't buy the guns legally because he was a convicted felon. he had them with him during the attack. >>> let's talk about some weather because winter is just a week old at this point. >> what a winter it's already been. >> millions of people have
, but if he's a member of the taliban, it's true, maybe there's going to be somebody in the federal government that thinks we need to ask some questions of this person. >> but if you're the person here talking to the uncle and you're completely innocent, you're still caught up in this. >> you're not caught up in the sense you're going to jail, not caught up in the sense that anything bad is going to happen to you. >> thank you to brian todd reporting there. >>> we...
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Dec 29, 2012
12/12
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FBC
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instead, will be paying taxes on lobbying indentured servants of the government. this is absolutely immoral to have this happen. this is what congress is passing on to us and is why conservatives in the house and senate need to be serious about these fiscal clff tops, especially about the debt ceiling, not just sitting back and saying president obama won the election. if we don't act now my generation will spend our prime years being servants of the government, and that's not right. tom: i hope you do. i give you one more step before you go. the amount of interest that we pay on the debt that china owes, owns of our debt is enough to pay for their entire military for the whole year. we are basically funding with that the debt china military. thank you. i appreciate you coming on. well, forget the fiscal cliff. washington might be sending cows off a cliff. want to know what i did in the last five hours? i played a round of golf. then i read a book while teaching myself how to play guitar; ran ten miles while knitting myself a sweater; jumped out of a plane. finally
instead, will be paying taxes on lobbying indentured servants of the government. this is absolutely immoral to have this happen. this is what congress is passing on to us and is why conservatives in the house and senate need to be serious about these fiscal clff tops, especially about the debt ceiling, not just sitting back and saying president obama won the election. if we don't act now my generation will spend our prime years being servants of the government, and that's not right. tom: i hope...
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492
Dec 27, 2012
12/12
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WBAL
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. >> it really upsets me, because the government is supposed to be working for the people. and i don't see that. >> i wish they would hurry up and make a decision, one way or the other. >> reporter: today, even house chaplain's daily prayer -- >> as this chamber lies silent still -- >> reporter: reflected the painful wait for a deal to avert the fiscal cliff. >> send a spirit of wisdom and good judgment upon the leaders of congress that they might forge a solution to assuage the concerns of their fellow citizens. >> reporter: house gop leadership is did call members back to work this sunday, prepared to work through new year's. republican leaders say they would give in on higher taxes, but not more government spending. >> republicans aren't about to write a blank check or anything senate democrats put forward, just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> reporter: beyond the bitter politics is a real-world consequence. >> anyone who has regular salary or wage income, starting next week, is going to see 2% less in
. >> it really upsets me, because the government is supposed to be working for the people. and i don't see that. >> i wish they would hurry up and make a decision, one way or the other. >> reporter: today, even house chaplain's daily prayer -- >> as this chamber lies silent still -- >> reporter: reflected the painful wait for a deal to avert the fiscal cliff. >> send a spirit of wisdom and good judgment upon the leaders of congress that they might forge a...
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york or london where many of our viewers are there is a cab industry and very likely regulations that govern it in new york the medallion system has become a speculative investment with corporate tax the medallions increasing as thousand per cent from their average price of fifty thousand dollars in one thousand nine hundred eighty according to the new york post in stockholm reportedly their system is a little freer market where taxis are allowed to charge whatever price they like and in d.c. where after countless nights waiting in long lines after arriving to the train station with a dearth of cabs and some that couldn't even drive to my address because of the limits of their permits and rules governing them i hopped into a couple cabs to explore our own cities silly regulations and one market antidote we possibly found to them that. taxi in washington d.c. like many other cities you can't always get a cab when and where you need one but when you do catch a taxi and meet its driver and my name is not. always right you know it's almost too for you. like nasser he or she can offer up a reason
york or london where many of our viewers are there is a cab industry and very likely regulations that govern it in new york the medallion system has become a speculative investment with corporate tax the medallions increasing as thousand per cent from their average price of fifty thousand dollars in one thousand nine hundred eighty according to the new york post in stockholm reportedly their system is a little freer market where taxis are allowed to charge whatever price they like and in d.c....
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Dec 24, 2012
12/12
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CNNW
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governments cut social programs to save money. it was meant to help and hurt by spreading the recession. here's richard quest in london. >> reporter: suzanne, the story of europe in 2012 was very much the austerity, the gut-wrenching, grinding austerity. some countries like greece faced multi-year recession and slowdown, unemployment at over 25%, youth unemployment over 50%. what we saw was the recession expanding. spain, italy, the uk, all found austerity taking its toll even more as unemployment continued to rise in some of those countries. even the large country, the economic powerhouse germany found its slelf slowing down. the root cause of it all was the inability of the european governments to come to policies to get growth started again. towards the middle and end of the year they did, but the tale was style there. very much austerity again and again. perhaps if there was only one change that took place as we moved into the fall and into the winter. it was the realization that most of these countries could take no more aust
governments cut social programs to save money. it was meant to help and hurt by spreading the recession. here's richard quest in london. >> reporter: suzanne, the story of europe in 2012 was very much the austerity, the gut-wrenching, grinding austerity. some countries like greece faced multi-year recession and slowdown, unemployment at over 25%, youth unemployment over 50%. what we saw was the recession expanding. spain, italy, the uk, all found austerity taking its toll even more as...
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to the new york times a reminder of the bailouts in two thousand and eight of course but instead of government bailouts how about innovating out of a slowdown or changing your business model we'll talk to the c.e.o. of car to go north america about dialers adventure in car sharing and revenue to no revenue c.b.s. reports instagram is looking for ways to generate some revenue through ads but it will not pimp out its users in ads it backtracked after unleashing a whole bunch of hoopla yesterday after a change to its terms we'll talk about it let's get to today's capital account. so in addition to the one point five billion dollars settlement and guilty plea to a charge of fraud from its japanese subsidiary we now know u.b.s. traders were sending e-mails saying things like i want to do one humongous deal with you when i'll pay you whatever you want to secure help manipulating rates now this language is infuriating but at least it's way more straightforward than what we get from this same rate manipulator the fed now despite ben bernanke in the past suggesting the central bank could do a better jo
to the new york times a reminder of the bailouts in two thousand and eight of course but instead of government bailouts how about innovating out of a slowdown or changing your business model we'll talk to the c.e.o. of car to go north america about dialers adventure in car sharing and revenue to no revenue c.b.s. reports instagram is looking for ways to generate some revenue through ads but it will not pimp out its users in ads it backtracked after unleashing a whole bunch of hoopla yesterday...
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147
Dec 29, 2012
12/12
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FOXNEWSW
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and, yes, your government is doing it to you. >>> also, what a year. government sex scandals. brutal political fights and superstorms like we he have never seen before. lots of explosive headlines in 2012. what is the biggest story of the year. tell us on gretawire and post your pick and see if your pick made our list. that's coming up. >>> plus, get ready. another storm about to pummel big chunks of the nation. does that possibly mean you? are you in the path? the latest on the storm are's path is coming up. ♪ constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur mine was earned off vietnam in 1968. over the south paci
and, yes, your government is doing it to you. >>> also, what a year. government sex scandals. brutal political fights and superstorms like we he have never seen before. lots of explosive headlines in 2012. what is the biggest story of the year. tell us on gretawire and post your pick and see if your pick made our list. that's coming up. >>> plus, get ready. another storm about to pummel big chunks of the nation. does that possibly mean you? are you in the path? the latest on...
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Dec 30, 2012
12/12
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FOXNEWSW
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eye 187
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there are a lot of people still without help from the government. that criticism was not directed at president obama at all. >> jon: katrina killed a lot more people than sandy but what do you think about fema and their handling of it. >> if there is no question, if you are homes after sandy, many more people were killed in katrina, but plenty of people in a big city like new york are still homeless. media like bloomberg, they like christy, they don't have any person to blame. they blame bush 43. >> come on. i was watching a lot of television during katrina. it's not only the numbers of people killed. it was the complete disaster of fema. doing one heck of a job when people were in a stadium where they didn't have a food and water.is performance was much br much improved. the president himself handled it better. he came up to new york. >> let's be real about when you call 911. its local responder. when you are on your roof and you can't get off your roof you are calling somebody, it doesn't ring at the white house. it is the local responder, mayor t
there are a lot of people still without help from the government. that criticism was not directed at president obama at all. >> jon: katrina killed a lot more people than sandy but what do you think about fema and their handling of it. >> if there is no question, if you are homes after sandy, many more people were killed in katrina, but plenty of people in a big city like new york are still homeless. media like bloomberg, they like christy, they don't have any person to blame. they...
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422
Dec 30, 2012
12/12
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KPIX
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government goes over the fiscal cliff, they could get even longer. according to one congressional analysis, the transportation security administration would lose more than $640 million in funding, roughly 7% of out budget. t.s.a. with would also lose over 7,000 security officers. safety would not be compromised. the passenger misery would increase. >> it could be a severe impact on the traveling public. instead of maybe one hour, you may be there two or three hours before. >> reporter: long lines would be the least of the problems. under the mandatory cuts of the fiscal cliff, the federal aviation administration would lose $800 million, and more than 2,000 air traffic controllers. fewer controllers mean fewer planes moving passengers and cargo. warns the air traffic controllers association. >> fb's pocketbook and livelihood is tied to the aviation system, so the impact of the aviation system not being able to provide the service that they do today would be devastating. >> reporter: if washington can't reach a compromise, the economic recovery could s
government goes over the fiscal cliff, they could get even longer. according to one congressional analysis, the transportation security administration would lose more than $640 million in funding, roughly 7% of out budget. t.s.a. with would also lose over 7,000 security officers. safety would not be compromised. the passenger misery would increase. >> it could be a severe impact on the traveling public. instead of maybe one hour, you may be there two or three hours before. >>...
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Dec 29, 2012
12/12
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CNNW
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society could take years if not generations, but at the same time they know today the police and the government could be doing a lot more, martin, in order to protect the women of india. >> yeah. if not changing society, how about changing the laws? what are lawmakeri ins talking t doing in this particular case to protect women? and what about the issue of capital punishment applying in this case? >> well, capital punishment perhaps off the table just in terms of looking at this. that's not necessarily the answer that everybody wants. right now there's a lot of anger and that is reflected in calls for capital punishment. the signs that say, you know, hang the murderers, things like this, in new delhi today. i think moreover they're saying why don't we prosecute these people? why when it's a lower caste woman are they sometimes -- their crimes, their accusations are just brushed under the carpet? police are not paying attention. in some cases the victims are being made to marry their rapists. this isn't a solution for society. this is the ongoing problem that india faces. and all those people an
society could take years if not generations, but at the same time they know today the police and the government could be doing a lot more, martin, in order to protect the women of india. >> yeah. if not changing society, how about changing the laws? what are lawmakeri ins talking t doing in this particular case to protect women? and what about the issue of capital punishment applying in this case? >> well, capital punishment perhaps off the table just in terms of looking at this....
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Dec 23, 2012
12/12
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CSPAN2
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do you see the government? >> guest: the government solves most of our problems. we have to take away a private health insurance. take all that money, give each of us the same amount of money to purchase health insurance, a $2500 for an adult, $8000 for a family. that's your tax subsidy. you spend additional money after taxes and treat everybody the same. >> host: what do you mean? >> guest: right now we don't. right now you get in a subsidy to employer provides you with a plan, you get no tax relief. purchasing insurance on your own. under obamacare, inequities are even worse. step on the treat everyone the same. when you buy insurance, no matter who you are, get the same amount of help from
do you see the government? >> guest: the government solves most of our problems. we have to take away a private health insurance. take all that money, give each of us the same amount of money to purchase health insurance, a $2500 for an adult, $8000 for a family. that's your tax subsidy. you spend additional money after taxes and treat everybody the same. >> host: what do you mean? >> guest: right now we don't. right now you get in a subsidy to employer provides you with a...
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216
Dec 26, 2012
12/12
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FOXNEWSW
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they are just sticking to one principle, limited government. they look at something with no principles like occupy wall street to elevate them as heroes. principles that are mold. >> andrea: republicans might have reason to fret, too. the leader, speaker john boehner and the approval rating is lower than speaker pelosi. who is a vampire. 51% boehner unfavorable. juan, you said people say boehner is safe and i have been hearing opposite. i like boehner. tough situation. trying to herd cats. i don't agree what we did the other day to put a bill on the floor he doesn't have support for. but you think he won't hold on. >> juan: i think he will hold on. i don't think there is enough time before january 3 to line up. what happened to john boehner, my gosh, they -- his troops abandoned him. >> andrea: mccarthy is the whip. he should know how many works he has. >> juan: he works for boehner. >> kimberly: but he goes back -- it was a mess. >> juan: the dynamic didn't make sense. this goes back to what eric said. he, what everybody on the far right side
they are just sticking to one principle, limited government. they look at something with no principles like occupy wall street to elevate them as heroes. principles that are mold. >> andrea: republicans might have reason to fret, too. the leader, speaker john boehner and the approval rating is lower than speaker pelosi. who is a vampire. 51% boehner unfavorable. juan, you said people say boehner is safe and i have been hearing opposite. i like boehner. tough situation. trying to herd...
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Dec 29, 2012
12/12
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FOXNEWSW
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in terms of governing, he is horrible. this is not good long-term for this country. >> well, look, the president was very clear in two campaigns now about raising taxes on the top 2%. he was clear. and he and romney had that thing -- had that out. and he won on that platform, sean. i mean he fair and square he won on it. and he is going to make -- >> sean: so if the republicans. >> 2.5 in spending cuts. right now it is one-to-one or less. he didn't keep his promise on that he, joe trippi and you know it. >> 2.5 to one. >> there was a trillion dollars in cuts already that he agreed to when also agreed to extend the bush tax cuts. >> sean: they are not cuts, joe. they are not real cuts. social security is going bankrupt. medicare is going bankrupt. we have obama care. everybody is about to explode and all you want to talk about is taxion small businesses. you don't want to talk about cutting spending. >> where are the $2 trillion in republican cuts? where are they? they don't want to talk about it either. >> sean: tax reform
in terms of governing, he is horrible. this is not good long-term for this country. >> well, look, the president was very clear in two campaigns now about raising taxes on the top 2%. he was clear. and he and romney had that thing -- had that out. and he won on that platform, sean. i mean he fair and square he won on it. and he is going to make -- >> sean: so if the republicans. >> 2.5 in spending cuts. right now it is one-to-one or less. he didn't keep his promise on that he,...
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97
Dec 28, 2012
12/12
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CNBC
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that's why we have government. fix it. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. >>> we call him dr. j. he's got a name. he made waves on the fast time money report because he's become an investor in nothing. >> for the first time in 31 years in the market i am completely out of everything. i see no reason to stick with this thing. no reason to get short either, but i think we've assured our self, judge, that we're going to get very small deals done and we virtually assured ourselves of getting our dent downgraded. >> matt is with virtual financial. anthony is with grg. do you agree with dr. j.? >> i would agree. we're starting to get sick and tired of what's going on down in washington. we're getting complacent about the fiscal cliff. people are for getting about just about everythi
that's why we have government. fix it. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. >>> we call him dr. j. he's got a name. he made waves on the fast time money report because he's become an investor in nothing. >> for the...
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Dec 27, 2012
12/12
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MSNBCW
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shifting the debt burden from the federal government and states and federal government is a better position to carry debt. states have these constitutional balance budget amendments and bail out the states, isn't it? >> this is exactly the problem we have is that the government finds it easy to borrow and runaway deficit. let me explain the big thing. a project in the uk where we have good data, 100 million pounds, uk project, 30% more cost overruns than 5 million project. small is beautiful and more efficient than you think. so having the government, centralized one bureaucrat make a mistake, okay, massive consequences. it looks okay until they make a mistake. it's a lot bigger. plus, another thing. there's no skin in the game on a part of bureaucrats. bureaucrat makes a decision. that's the central thing. federalize the system and i was asked how to make the financial industry better. force people to have skin in the game. nrds, have people harmed by the mistakes. >> sure. >> you are not harmed as a bureaucrat, not harmed by the bureaucrat. a mayor, you're shamed. that's maybe enough, jus
shifting the debt burden from the federal government and states and federal government is a better position to carry debt. states have these constitutional balance budget amendments and bail out the states, isn't it? >> this is exactly the problem we have is that the government finds it easy to borrow and runaway deficit. let me explain the big thing. a project in the uk where we have good data, 100 million pounds, uk project, 30% more cost overruns than 5 million project. small is...
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Dec 27, 2012
12/12
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government would not pay interest on its debts. have -- you know perfectly well will is about a million things. i have been in the country where they ran out of borrowing capacity and managed important several years to survive without that borrowing capacity. there's a million things you can do before. you don't pay your debt on the u.s. treasuries before you stop paying social security, before you do lots of other things. is he purposefully trying to elevate this to a situation that frightens people? >> in many ways -- this is like the mayan calendar. they said the world would end december 21. we are all still here. the fiscal cliff negotiations and the debts limit thing are not the end of the world and we will figure it out. the most important thing to keep in mind is long term. we want to have a healthy fiscal situation. we have to have a healthy economy. we have to address growth. here's something else that is -- totally missing from this conversation. >> jimmy? >> understand that the executive branch is required under federal
government would not pay interest on its debts. have -- you know perfectly well will is about a million things. i have been in the country where they ran out of borrowing capacity and managed important several years to survive without that borrowing capacity. there's a million things you can do before. you don't pay your debt on the u.s. treasuries before you stop paying social security, before you do lots of other things. is he purposefully trying to elevate this to a situation that frightens...
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Dec 30, 2012
12/12
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instead of helped by the government. people who live in remote villages and valleys often find themselves shaken down for bribes by police officers instead of being helped by the police officer, being forced to pay judges to hear cases as opposed to being, expecting that they will get impartial and speedy justice. the government just doesn't work for the people there, unfortunately. >> host: kelly, cottage grove oregon please go ahead with your question or comment for our author, rajiv chandrasekeran. >> caller: hello. i just want to say thank you. i've been wondering about, for a long time, it's like are just talking yesterday with someone, if we took all the money that we've been spending on the war and just help the people. of course, on one person's ideaf help is different. build nice houses, excellent -- the whole nine yards. probably would've come out saving a lot of money. but apparently that's not what they wanted. i just want to say thank you. you've answered a lot of questions in the back of my head you don't r
instead of helped by the government. people who live in remote villages and valleys often find themselves shaken down for bribes by police officers instead of being helped by the police officer, being forced to pay judges to hear cases as opposed to being, expecting that they will get impartial and speedy justice. the government just doesn't work for the people there, unfortunately. >> host: kelly, cottage grove oregon please go ahead with your question or comment for our author, rajiv...
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Dec 27, 2012
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a lot of the money that the low-end consumer has, they won't have anymore, and they won't have the government assistance programs to rely on. may not have the same effect we saw in the last recession. >> the ultimate consumer discretionary stocks, it occurs to me, dana, would be the luxury retailers like a tiffany which have suffered here recently. they in the past have been immune to a lot of vagaries of the consumer and the economy, but that hasn't been the case this time around. what happened? >> i think tiffany's a little bit different than some of the other luxury goods company. tiffany overall is working on its product, silver business which is a high margin category. didn't have enough novelty and newness in it and hopefully that's something they can fix for next year. >> wasn't just me then? >> not just you. >> exactly. >> i noticed that, yeah. >> dana on that point, the companies for stocks like tiffany's, what about aptitude in places like china in. >> overall when we see what's happening in china, so many new brands emerged in china, new companies on the luxury good fronts, and you
a lot of the money that the low-end consumer has, they won't have anymore, and they won't have the government assistance programs to rely on. may not have the same effect we saw in the last recession. >> the ultimate consumer discretionary stocks, it occurs to me, dana, would be the luxury retailers like a tiffany which have suffered here recently. they in the past have been immune to a lot of vagaries of the consumer and the economy, but that hasn't been the case this time around. what...
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Dec 25, 2012
12/12
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the leadership has attempted to maintain its independence from the united states government, which i think is appropriate and practical, but it seems american interests in the sense that it gives middle easterners of whatever background a sense that the united states has the humanitarian presence in the middle east. it's not all about access to oil or deployment of forces. the americans have been there for 150 years getting to the region and much more prior to call and beneficial ways for the people of the region and not just for us. that's why he wrote the book. i wanted them to know them and the american people to know that story. >> was malcolm curran and what happened to them? >> use of political science professor who left the year before i arrived to work on a phd in east ucla. his parents had been on the faculty at aup and though he had made a very distinguished career for himself in the united states as a scholar in the middle east, gila home to leave the school during the difficult time when beirut had fractured civil war and the israeli incursion of 1982. the city was a mess
the leadership has attempted to maintain its independence from the united states government, which i think is appropriate and practical, but it seems american interests in the sense that it gives middle easterners of whatever background a sense that the united states has the humanitarian presence in the middle east. it's not all about access to oil or deployment of forces. the americans have been there for 150 years getting to the region and much more prior to call and beneficial ways for the...
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Dec 27, 2012
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the government will continue to function for a couple more months. emergency measures will be used to keep the money flowing, so to speak. this is unrelated to the fiscal cliff, so it's an additional problem that everybody has to deal with. of course the worst thing is we know how horrible it was the last time the debt ceiling needed to be raised in the summer of 2011, it went down to the wire and it looked as if there was a chance the united states would not raise the borrowing limit and default. we heard talk about social security payments not going out and that kind of thing. that's all led to the first downgrade in the u.s. credit rating, the stock market tanked. that was a ugly scenario. on top of the fiscal cliff, we may go through this all over again. it's another drag on the markets and on the whole economy at exactly the wrong time. >> when you say drag, though, give us an example of what you mean. we talked about january 2nd, everybody goes back to work and markets open. are we going to see a lot of volatility. all of a sudden it crashes do
the government will continue to function for a couple more months. emergency measures will be used to keep the money flowing, so to speak. this is unrelated to the fiscal cliff, so it's an additional problem that everybody has to deal with. of course the worst thing is we know how horrible it was the last time the debt ceiling needed to be raised in the summer of 2011, it went down to the wire and it looked as if there was a chance the united states would not raise the borrowing limit and...
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Dec 29, 2012
12/12
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based on an ideology that calls for government to be as small as possible. the roots are as old as american politics, but today the philosophy's main spokesman is this man. grover norquist, president of americans for tax reform. norquist's pledge signed by almost all republicans in congress forbid signatories from raising taxes ever under any circumstances. things come to a head in the summer of 2011, republicans demand the government reduce the deficit as a condition for raising the nation's debt ceiling. without a deal, the u.s. would lose the ability to borrow money. both democrats and republicans deploy scorch earth tactics that nearly shut down the government and ultimately cost america its aaa credit rating for the first time in history. but in a last-minute compromise, both sides agree to $1 trillion in spending cuts up front and another $1.2 trillion in cuts to be decided by a special congressional super committee. but a poison pill was attached. if the super committee can't reach a deal, automatic across the board cuts known as the sequester would g
based on an ideology that calls for government to be as small as possible. the roots are as old as american politics, but today the philosophy's main spokesman is this man. grover norquist, president of americans for tax reform. norquist's pledge signed by almost all republicans in congress forbid signatories from raising taxes ever under any circumstances. things come to a head in the summer of 2011, republicans demand the government reduce the deficit as a condition for raising the nation's...
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Dec 29, 2012
12/12
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we need to deal with our runaway government spending. the government is spending too much money. tax increases are not part of cutting the budget. tax increases are what politicians do instead of reform the government. as long as tax increases are on the table, the politicians never even think about reforming government. >> and i understand. you have been on this fight for a long time and you've been devoted to the whole idea of not seeing taxes increase anywhere. but what we're down to right now is largely a political battle over the increase in marginal tax rates based on what you earn. i understand there's a lot more to this puzzle, but on that front, because that's the one that gets most of the ink around here, whether people who earn more than $250,000 or $400,000 or $1 million should may-pay more tax. the point is that's not going to hurt the economy. that's all we're talking about. paying 4.6%, 8 points higher on your income over $250,000, empirically the evidence isn't there that that's going to hurt the any economy. >> well, it's going to take taxes from 35% up to 43.6%
we need to deal with our runaway government spending. the government is spending too much money. tax increases are not part of cutting the budget. tax increases are what politicians do instead of reform the government. as long as tax increases are on the table, the politicians never even think about reforming government. >> and i understand. you have been on this fight for a long time and you've been devoted to the whole idea of not seeing taxes increase anywhere. but what we're down to...
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Dec 24, 2012
12/12
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the syrian government, for its part, is saying they did not do this. they say this was the work of terrorists. that's the term they use for opposition forces, for rebel forces in syria. they say that, in fact, this town was attacked, that that's how this bakery was shelled, and they say that then they came in and intervened at the behest of the members of the town there. there is some more that we need to tell you about. lakhdar brahimi, the joint u.n. arab league envoy to syria, he went to syria yesterday and spoke to bashar al assad trying to forge a path towards peace. here's more what he told reporters about what he spoke to president bashar al assad about. >> translator: we have exchanged opinions about the possible steps that can be taken in the future. the syrian president spoke about his view of the situation. i also talked about the meetings i have had abroad in several cities with various officials in the region and outside the region. i also talked about which steps would i say are appropriate to be taken to help the syrian people to get out
the syrian government, for its part, is saying they did not do this. they say this was the work of terrorists. that's the term they use for opposition forces, for rebel forces in syria. they say that, in fact, this town was attacked, that that's how this bakery was shelled, and they say that then they came in and intervened at the behest of the members of the town there. there is some more that we need to tell you about. lakhdar brahimi, the joint u.n. arab league envoy to syria, he went to...
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Dec 27, 2012
12/12
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it is a demographic inevitability more and more money will be spent by governments and people and during the hour we're taping the show, another thousand people are turning 65. we like the way the stocks are set up technically, almost all out of breakout resistance levels. on the phrfamilia pharma sidsid- >> i will break in with breaking news. we are not taping. >> we're taping and going live to tape. >> so we're not going to edit anything i just said? >> no. it's not going on tape anywhere. >> let's get back -- >> welcome back to live television. >> the logistics not withstanding. >> each of you think a different sector of the market will be the leadership group of 2013. >> interesting no one said energy that over the last couple years was always the sector everyone pointed to. >> let me say something about the three picks, strong cases made. the reason why i wouldn't take those trades and why i'm going for health care, on industrials, you need a huge pickup in the global economy for that group to perform. i don't see where it's coming from. midway through the year, i might changes my t
it is a demographic inevitability more and more money will be spent by governments and people and during the hour we're taping the show, another thousand people are turning 65. we like the way the stocks are set up technically, almost all out of breakout resistance levels. on the phrfamilia pharma sidsid- >> i will break in with breaking news. we are not taping. >> we're taping and going live to tape. >> so we're not going to edit anything i just said? >> no. it's not...
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corruption some people in the government being so corrupt they can actually sell the government itself to someone for a fee so positions in parliament corruption on this high of a level needs to be punished severely breaking rocks in siberia or worse sounds pretty good to me tolerating flagrant corruption does not a great civilization make but that's just my opinion. the rich. imperial russia. tradition of staging being revived in. the. sub. i did my own satisfaction. choose your language. of holy week over the influential going to say still some of that. choose to use the consensus here to. choose the opinions that immigrate to. choose the stories that in time life choose me access to often. more news today violence is once again flared up. and these are the images the world has been seeing from the streets of canada. giant corporations rule the day. well again egypt's president morsi has made an attempt to ease political tensions in the country calling on the opposition to engage in dialogue but his offer was met with skepticism since it came shortly after the launch of an investigat
corruption some people in the government being so corrupt they can actually sell the government itself to someone for a fee so positions in parliament corruption on this high of a level needs to be punished severely breaking rocks in siberia or worse sounds pretty good to me tolerating flagrant corruption does not a great civilization make but that's just my opinion. the rich. imperial russia. tradition of staging being revived in. the. sub. i did my own satisfaction. choose your language. of...
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iraq has seen its largest protests in a week of anti-government demonstrations this tens of thousands gathered to demand more rights sunni muslims had controlled iraq until the fall of saddam hussein ten years ago they now accuse the sheer authorities of refusing to share power and being a part of neighboring around the latest protests are seen as the tip of the iceberg in a sectarian conflict with tension leading to some of the worst falling since the iraq war right your are there is an iraqi american progress thinks the u.s. invasion played a big part in sowing the seeds of today's trouble. unfortunately you're arc is another example of. u.s. interventions decades after the u.s. invaded the country and destroyed it and promised everyone on the ward and in iraq that it will build function and democracy what everyone will be happy living in peace and prosperity became one of the wards places to live. on earth the country is completely destroyed the society has been destroyed the infrastructure has been this destroyed five million people have been displaced and million people were kill
iraq has seen its largest protests in a week of anti-government demonstrations this tens of thousands gathered to demand more rights sunni muslims had controlled iraq until the fall of saddam hussein ten years ago they now accuse the sheer authorities of refusing to share power and being a part of neighboring around the latest protests are seen as the tip of the iceberg in a sectarian conflict with tension leading to some of the worst falling since the iraq war right your are there is an iraqi...
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Dec 29, 2012
12/12
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do you want the government to do nothing about spending? are you happy with obamacare? most would say no, but in the end the choice was between a president who said things aren't great, but i'm still going to try to make them better and a guy he painted as not having a plan and not identifying with the average wants and needs of middle class americans and in the end, people decided to stick with the devil they knew rather than the one they didn't. >> paul: so the election, the republican defeat was big, but it wasn't overwhelming in a sense of repudiation, kim, as far as a republican platform and their agenda? >> no, i think the reason, look, this country had the opportunity in this election to once again hand completely controlled government to democrats. everyone in the house was up for reelection and yet, they continued to give republicans, majority there. they liked divided government and i think you've got to look to the number of states that have elected very conservative governors who are doing the exact opposite of what barack obama is doing at the federal level
do you want the government to do nothing about spending? are you happy with obamacare? most would say no, but in the end the choice was between a president who said things aren't great, but i'm still going to try to make them better and a guy he painted as not having a plan and not identifying with the average wants and needs of middle class americans and in the end, people decided to stick with the devil they knew rather than the one they didn't. >> paul: so the election, the republican...
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about a future of leisure society for working americans plus it's been less than two years but a new government in japan is already forgotten all the lessons learned from the fukushima nuclear crisis as millions of tons of radioactive debris drifts at this moment for the united states is west coast i know what the japanese government is now doing if you put the entire world in danger and later in the show we'll have your take my take a live segment your chance to call in and ask a question share your thoughts live on the air. you need to know this president obama is back in washington d.c. senators back in washington d.c. the speaker john boehner and the rest of the republicans in the house are still on vacation here is democratic senate majority leader harry reid on the floor of the sun today warning that it looks like the nation is going over the cliff. if we go over the cliff and it looks like that's where we're headed as president the house of representatives as we speak with four days left after today before the first year aren't here with the speaker having told them they'll have you know
about a future of leisure society for working americans plus it's been less than two years but a new government in japan is already forgotten all the lessons learned from the fukushima nuclear crisis as millions of tons of radioactive debris drifts at this moment for the united states is west coast i know what the japanese government is now doing if you put the entire world in danger and later in the show we'll have your take my take a live segment your chance to call in and ask a question...
SFGTV2: San Francisco Government Television
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Dec 28, 2012
12/12
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SFGTV2
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ask them for a favor here and there and make sure no one is left out, because that is what we do in government. david chiu and i come from backgrounds where we do not want to leave anybody behind. we want everybody to enjoy the riches of technology. we want them to enjoy the economy in san francisco. that is why we're working so hard to make sure our central marketplace is welcoming of all these technology companies, making sure that we can work with other cities. i am very lucky to be part of the u.s. conference of mayors, and they allow me to represent san francisco as the innovative center for all the rest of the cities across the country. so we get to compare information and there. what these days i will get to talk to you while i am in washington, d.c., and you can hear what i am saying across there, so we can enjoy it -- wherever i go, you know i will be working and not fooling around. finally, we also are using technology to join our private companies in hiring san franciscans. hopefully some of your kids, some of your grandkids as well, are going to enjoy some of these great jobs in sa
ask them for a favor here and there and make sure no one is left out, because that is what we do in government. david chiu and i come from backgrounds where we do not want to leave anybody behind. we want everybody to enjoy the riches of technology. we want them to enjoy the economy in san francisco. that is why we're working so hard to make sure our central marketplace is welcoming of all these technology companies, making sure that we can work with other cities. i am very lucky to be part of...
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Dec 27, 2012
12/12
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why does this to say he's working for the government? eric: we just got some breaking news from toyota motors, according to our friends at the "wall street journal" settled a class-action lawsuit about acceleration $1.1 billion, we will keep our eye on that stock. wthe figures outraged initially the report a spontaneous protest over at that video? wait until the critics hearsecr this. resigning his post on the attack is reportedly still working for the government and the other through officials suspended are slated to return to their jobs.r they're still working for the government. b >> they said heads are to roll. things are really going to happen. here's not a shock. no accountability, lack of consequences, doesn'tce happen. eric: apparently the assistant secretary of state changed jobs, went across the office and to another desk. >> exactly. also kind of parse the words.o a very difficult to get fired from the federal government. it is a very secure long-term position. no matter how egregious the problems are, and that's report pointe
why does this to say he's working for the government? eric: we just got some breaking news from toyota motors, according to our friends at the "wall street journal" settled a class-action lawsuit about acceleration $1.1 billion, we will keep our eye on that stock. wthe figures outraged initially the report a spontaneous protest over at that video? wait until the critics hearsecr this. resigning his post on the attack is reportedly still working for the government and the other through...
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Dec 27, 2012
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environmental groups say they are pleased the government regulators are something for questions. they have heard from several concerned people regarding areas invested with bedbugs. but the library said they never had a bedbug infestation but they plan to handle it if it happens. >>> coming up, a usc professor said increase being the numbers could help combat the numbers. >>> the windy city will soon have the most expensive parking meters starting on new year's day. they will be charging $6.50 per hour. >>> let's head back out to tara to see how this commute is going this thursday, hello tara. >>> it just wrapped up and all lanes are open now. we have a stalled car and it is blocked on 880 westbound and we also have north and southbound lanes affected at the 380 split here due to come to some construction. >> 680 at the sunole grade in fremont is also looking good. here is mark. >>> we are starting off with dry weather and we will have a quik check on rainfall statistics. you can see it since over 2215s of rain and san jose, it is well above normal obviously across the entire bay
environmental groups say they are pleased the government regulators are something for questions. they have heard from several concerned people regarding areas invested with bedbugs. but the library said they never had a bedbug infestation but they plan to handle it if it happens. >>> coming up, a usc professor said increase being the numbers could help combat the numbers. >>> the windy city will soon have the most expensive parking meters starting on new year's day. they will...
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Dec 28, 2012
12/12
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FBC
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lou: they don't want to depend on government? >> i think they -- >> i justmented to see if we could -- i just wanted t see if we could get that far. >> i think they want to be taken care of at the hospital when they go there and make se they have enough money to pay medical bills,. lou: they want to make a ling wage, that and i think that is something that everyone should have -- that is an entitlement, there should be an opportunity to make a good living, that is something we let the sob's take away, that is something we have to get fixed. maybe this november 6 wwll be a opportunity. >> this depends on who those sob's are. lou: first thing to do is identify the sob's youet a language way toward doing that. -- long way toward doing, that jean-marie,ry hav we have identa terrific writer, a wonderful book. you can go to her web site. and pick it up in your bookstore. any number of places, did i mention lou dobbs.com too. people really love snapshot from progressive, but don't just listen to me. listen to these happy progressive cus
lou: they don't want to depend on government? >> i think they -- >> i justmented to see if we could -- i just wanted t see if we could get that far. >> i think they want to be taken care of at the hospital when they go there and make se they have enough money to pay medical bills,. lou: they want to make a ling wage, that and i think that is something that everyone should have -- that is an entitlement, there should be an opportunity to make a good living, that is something we...
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Dec 27, 2012
12/12
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we only control one third of government. you guys control two thirds and you have refused to lead through this crisis. >> if there was a bill that would raise taxes on people over $400,000 a year that that would pass? [talking over each other] >> look, a revenue bill would pass provided that it was matched by spending reductions. we will not take from people without giving them the insurance that we are not spending more that we are taking in. liz: thank you. great to be with you both. next up, we have good news on the housing front. the latest word from the commerce department has new-home sales at at the highest level we have seen in more than two years. new single-family home sales increased by 4.4% last month from october. it showed home prices up nearly 7% for this year. the winter blast that wrecked lives in the south and kept most of the nation at home and caused the death of about six people over christmas makes one last stop in the northeast. first, let's take a look at the treasury markets. we do not see a lot of a
we only control one third of government. you guys control two thirds and you have refused to lead through this crisis. >> if there was a bill that would raise taxes on people over $400,000 a year that that would pass? [talking over each other] >> look, a revenue bill would pass provided that it was matched by spending reductions. we will not take from people without giving them the insurance that we are not spending more that we are taking in. liz: thank you. great to be with you...
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Dec 26, 2012
12/12
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the reductions in spending over time can happen over time, the way our government keeps track is over a decade. >> right. >> so we don't need to do it all today, and as far as higher taxes go, there's a group of people who will sign this pledge not to raise taxes, and, you know, more than two-thirds are millionaires who said, you know what, we'll pay more taxes because in the end analysis, the investment we would make in paying more in taxes to get the economy going will return in wealth very quickly if we get the economy back to where it should be. >> there's a very good article on cnbc.com about the possibility that congress might decide to start tax is employer-sponsored health insurance. do you think that's a possibility, and what impact would that have on you? >> everything needs to be on the table. if we're going to have a good solution that gets at our deficit and reduce our debt everything has to be on the table and we'll deal with it. it's great to have rules. we just like to know what they are so we can make the right investments moving forward. >> even if it puts us in a cl
the reductions in spending over time can happen over time, the way our government keeps track is over a decade. >> right. >> so we don't need to do it all today, and as far as higher taxes go, there's a group of people who will sign this pledge not to raise taxes, and, you know, more than two-thirds are millionaires who said, you know what, we'll pay more taxes because in the end analysis, the investment we would make in paying more in taxes to get the economy going will return in...
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Dec 28, 2012
12/12
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CNBC
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we put the government on hiatus in terms of spending money but we've always gotten through it. to me that is not the seminole issue. if that is i'm happy to be on the other side of the trade. >> i wasn't saying it is an actual issue. i said it was surprised at the degree to which corporate leaders are saying that that is a big deal. in other words to me to -- >> that pales in every interview i've heard, on cnbc, that paels in comparison. it is an after thought relative to getting the budget situation and tax situation set. that has only come on as an issue recently. you talk about pent up demand for the market over the last month. pent up demand has been in corporations spending their 2 trillion in cash over the last year in advance of settling this situation not the debt ceiling. >> let me also say mike before we let you go just to revisit the to revisit the trade you brought last week which was a winner tan that was long tlt, going long treasuries, that still work for you? >> well it still works i think as long as the process gets dragged out. what the bond market is not goin
we put the government on hiatus in terms of spending money but we've always gotten through it. to me that is not the seminole issue. if that is i'm happy to be on the other side of the trade. >> i wasn't saying it is an actual issue. i said it was surprised at the degree to which corporate leaders are saying that that is a big deal. in other words to me to -- >> that pales in every interview i've heard, on cnbc, that paels in comparison. it is an after thought relative to getting...
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Dec 29, 2012
12/12
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WJLA
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we have a crisis of self-government right now. to be real clear about it. this is a time bomb that congress set. nobody wants to see frustration cuts. but that's the stick they put to their own head as a way of compelling a deal to get done. and a deal doesn't get done. we're not even aiming for the grand bargain that is necessary to reduce long-term deficits and debt. we're going to get a patch and be here again in two months. congress can't get out of its own way. we keep setting our own traps. >> john, we appreciate the clarity, even if it's depressing. thank you very much. >>> a lot of other news developing overnight. for that, let's check in, as always, with mr. ron claiborne. >> hi, dan, bianna. we begin in australia, with a confrontation with a shark. it cost a surfer two fingers and a chunk of his leg. the 29-year-old was surrounded by a pod of dolphins when the shark attacked yesterday. >> my legs. >> and witnesses say the man used his surfboard to fight off the shark. but the shark bit off two of his fingers. >>> and police in new york city are se
we have a crisis of self-government right now. to be real clear about it. this is a time bomb that congress set. nobody wants to see frustration cuts. but that's the stick they put to their own head as a way of compelling a deal to get done. and a deal doesn't get done. we're not even aiming for the grand bargain that is necessary to reduce long-term deficits and debt. we're going to get a patch and be here again in two months. congress can't get out of its own way. we keep setting our own...
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if there's a cut in government spending, where is the lift coming from, consumers, investment? therefore, the u.s. economy, we're on fragile ground right now. >> short term, sarge, this market held hostage minute by minute by the developments out of washington. >> yeah, sure, if we don't see any kind of compromise whatsoever, you'll see this s&p 500 trading in the 1360s next week. i think you'll get a short-term deal, address some of the issues, not really solve anything, kick the can down the road much like they do in europe and get your mild positive reaction going into the jobs data on friday. >> do you think we get a definitive move in this market one way or the other with some announcement out of washington, or is this market just so tired of all of the developments there? what do you think? >> well, there's still a risk-on trend, and if they kick the can down the road or actually come to some kind of compromise, that trend is intact, and you'll see going into the first few months of the year i believe very positive price action for all the equity indexs? >> what now, rick
if there's a cut in government spending, where is the lift coming from, consumers, investment? therefore, the u.s. economy, we're on fragile ground right now. >> short term, sarge, this market held hostage minute by minute by the developments out of washington. >> yeah, sure, if we don't see any kind of compromise whatsoever, you'll see this s&p 500 trading in the 1360s next week. i think you'll get a short-term deal, address some of the issues, not really solve anything, kick...